State Street Corp Purchases 832 Shares of Opera Limited (NASDAQ:OPRA)

State Street Corp raised its position in Opera Limited (NASDAQ:OPRA) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,129 shares of the company’s stock after acquiring an additional 832 shares during the period. State Street Corp’s holdings in Opera were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Opera in the 2nd quarter valued at about $147,000. Ritholtz Wealth Management boosted its stake in Opera by 9.6% in the 2nd quarter. Ritholtz Wealth Management now owns 18,284 shares of the company’s stock worth $257,000 after purchasing an additional 1,595 shares during the period. National Bank of Canada FI grew its holdings in Opera by 1,474.9% during the 2nd quarter. National Bank of Canada FI now owns 8,158 shares of the company’s stock valued at $112,000 after buying an additional 7,640 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Opera during the second quarter valued at about $205,000. Finally, Redwood Wealth Management Group LLC boosted its position in shares of Opera by 4.5% in the second quarter. Redwood Wealth Management Group LLC now owns 33,645 shares of the company’s stock valued at $472,000 after acquiring an additional 1,440 shares during the period. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Trading Up 1.9 %

Shares of OPRA stock opened at $19.55 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $18.95 and a two-hundred day moving average price of $15.64. Opera Limited has a 12-month low of $10.11 and a 12-month high of $20.70. The firm has a market cap of $1.73 billion, a P/E ratio of 9.92 and a beta of 1.03.

Opera Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Monday, January 13th. Investors of record on Monday, January 6th will be given a $0.40 dividend. The ex-dividend date is Monday, January 6th. This represents a yield of 3.9%. Opera’s payout ratio is 39.59%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen boosted their price target on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Lake Street Capital lifted their price target on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, B. Riley restated a “buy” rating and issued a $25.00 price objective (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $24.75.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.